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Vallabhbhai Shamjibhai Patel tells about the ongoing construction of the Surat Diamond Bourse

The under-construction Surat Diamond Bourse (SDB) is India's second diamond trading hub based at Surat, Gujarat, spread across 35.54 acres with more than 4,000 offices for national & international traders. On the onset, the project which...

Yesterday

The strategy of regulating the Russian jewellery industry

At the General Meeting of the Russian Jewellers Guild Association held in April, two principally important documents were adopted: The Strategy of Regulating the Jewellery Industry of Russia and The Charter of a Good Faith Taxpayer. Besides, the issues...

13 june 2018

Our first priority is to better understand artisanal and small-scale mining - Elodie Daguzan

The Diamond Development Initiative (DDI), the organization dealing with the traditional diamond mining, recently announced the appointment of Élodie Daguzan as its first Goodwill Ambassador. Ms. Daguzan, who currently works as head of communication...

04 june 2018

Zimnisky on De Beers’ Lightbox: It’s a strategic, bold move that will benefit the entire natural diamond industry

De Beers shocked all and sundry end of May when it announced the launch of a new company called Lightbox Jewelry, which will market a new brand of laboratory-grown diamond jewellery in September. This effectively meant that the group had departed from...

01 june 2018

Tracking the provenance and lifecycle of a product is a natural and necessary evolution in our industry

A senior executive with a demonstrated history of working globally at management and board levels, Marcus ter Haar has been the Managing Director at Okavango Diamond Company (ODC), Botswana for about 10 months now, prior to which he held the...

28 may 2018

Lucapa, partners unearth eighth diamond greater than 100ct in Angola

16 november 2017
Lucapa Diamond and its partners Endiama and Rosas & Petalas have recovered an “exceptional” high-value 129.58 carat diamond from the Lulo diamond project in Angola.
The Type IIa D-colour gem, said Lucapa, was recovered was recovered from alluvial Mining Block 6 along with another large high-value diamond weighing 78.61 carats.
“This is the eighth +100 carat diamond the Lulo partners have recovered to date and the seventh in just 2.5 years of commercial mining from relatively low throughout rates,” said company managing director Stephen Wetherall.
“Explosive and erosive geological forces have deposited these very rare and valuable diamonds in a relatively localised area at Lulo. These localised recoveries, and other indicators, point to the huge potential of a large stone primary kimberlite source at Lulo.”
He said the partners would continue to “systematically” advance their efforts to locate the primary diamond source with an ongoing drilling programme funded from the strong returns being generated from the Lulo alluvial mining operations.
“Having started with a list of more than 200 anomalies, the Lulo partners are now working through a list of 70 prioritised drilling targets, systematically eliminating low interest kimberlites,” said Wetherall.
“We continue to assess ways to speed up this systematic drilling and sampling program – an approach we believe provides the best opportunity to unlock Lulo’s true value.”
The eight +100 carat diamonds recovered by the Lulo partners came from three different alluvial mining areas - Mining Blocks 6, 8 and 28 - spanning approximately 6km along the Cacuilo River.
The largest of the +100 carat Lulo diamonds, the 404 carat 4th February Stone, produced the 163 carat flawless gem which forms part of a jewellery piece that was sold in Geneva, Switzerland, this week.
 
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished

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